The degree of loss to a given element at risk (or set of elements) resulting from a given hazard at a given severity level In contrast to the concept of risk, here the probability of the occurrence of a hazard is not considered. (from: UNDP/UNDHA, 1994, pp. 38-39; see also UNDHA, 1992). Vulnerability has process character and is not static. (Feldbrügge and von Braun, 2002)